Quality assurance: Economic growth will stimulate the development of new products and laboratory testing services

Over the five years to 2018, the Laboratory Testing Services industry in Canada has dealt with volatility in operating conditions. The industry, which consists of companies that perform tests on consumer products, industrial materials, energy resources and other goods, grew for much of the five years to 2018. Increased regulation across several of the industry's downstream markets has driven demand for laboratory testing. Industry performance is expected to be on the upswing over the five years to 2023. Economic growth will have a positive effect on consumers and businesses, stimulating the development of new products and associated laboratory testing services to ensure safety and quality...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-0.8%
Forecast Growth 18-23
Profit
Employment
16,921
Businesses
2,371
Market Share of Companies

Industry Threats & Opportunities

  • Increased regulation across several of the industry’s downstream markets has driven demand for laboratory testing
  • Stringent regulation has pushed companies to test their products in laboratories to ensure that they are in compliance
  • The government is expected to monitor emissions from energy companies more closely
  • Industry Report - Industry Investment Chapter

    The Laboratory Testing Services industry in Canada has a low level of capital intensity. For every dollar spent on labour in 2018, industry operators are expected to allocate an estimated $0.08 to capital. This figure has remained steady over the past five years. The level of capital intensity is not expected to change drastically over the next five years due to the industry's significant labour requirements.Although the level of capital expenditure is relatively high for a service industry, this is due to the cost involved with the use of equipment needed to conduct testing, industry services largely rely on specialized labour. Industry employees perform a range of activities, from simple manual tasks and automated experimental procedures to high-tech testing. Ind...purchase to read more.

    Additional Insights for the Laboratory Testing Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laboratory Testing Services Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Recommendation/accreditation from authoritative source
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and World price of crude oil in the Laboratory Testing Services industry impact industry performance..

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    What's in this report

    What is the Laboratory Testing Services Industry?

    Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or on-site (i.e. where the product is manufactured or developed). Most results from industry-led tests are checked against government regulations and environmental, industrial and product standards. This industry excludes medical and veterinary testing labs.

    Industry Products
  • Product performance testing and certification
  • Environmental testing
  • Biological and chemical testing
  • Agriculture and food testing
  • Energy testing
  • Industry Activities
  • Acoustics and vibration testing
  • Biological testing
  • Electrical testing
  • Environmental testing
  • Providing forensic services
  • Geotechnical testing
  • Industrial testing
  • Mechanical testing
  • Product testing
  • Radiation testing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • World price of crude oil
  • Total trade value
  • Corporate profit
  • Total health expenditure

  • Current Performance
  • Brighter days ahead
  • Regulatory reform
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Research and development drives growth
  • Potential environmental regulation
  • Table: Laboratory Testing Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laboratory Testing Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Water Supply & Irrigation Systems in Canada
  • Manufacturing In Canada
  • Baking Mix & Prepared Food Manufacturing in Canada
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Engineering Services in Canada
  • Environmental Consulting in Canada

  • Key Selling Industries
  • Chemical Wholesaling in Canada
  • Glass Product Manufacturing in Canada
  • Inorganic Chemical Manufacturing in Canada
  • Laboratory Supply Wholesaling in Canada
  • Organic Chemical Manufacturing in Canada

  • Products & Services
  • Product performance testing and certification
  • Energy testing
  • Environmental testing
  • Agriculture and food testing
  • Biological and chemical testing
  • Other
  • Chart: Laboratory Testing Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction, engineering and health sectors
  • Energy and manufacturing sectors
  • Other
  • Government
  • Chart: Major Market Segmentation for the Laboratory Testing Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Testing Services

  • Basis of Competition
  • Internal completion
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Testing Services Industry

  • Industry Globalization
    Bureau Veritas, ALS Limited,
  • Table: Bureau Veritas - financial performance
  • Table: ALS Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Laboratory Testing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Laboratory Testing Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Research and development expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Calibration
  • A test that establishes the relationship between the values of quantities indicated by a measuring instrument and the corresponding values realized.
  • Certification
  • Confirmation that a product has passed a certain test.
  • Research And Development (R&D)
  • Creative work undertaken by a company to increase knowledge that can be applied to developing a new product or improving an existing one.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Laboratory Testing Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Laboratory Testing Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Laboratory Testing Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Laboratory Testing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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